SEC Form 4 · accession 0001127602-15-033149
CORNING INC /NY · GLW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B Flaws
Officer — VICE CHAIRMAN · Director
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 4:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000024741
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 1, 2015 | M | 62,888 | $0.00 | A | 337,962 | D | |
| Common StockF1 | Dec 1, 2015 | M | 40,288 | $0.00 | A | 378,250 | D | |
| Common StockF1 | Dec 1, 2015 | M | 35,365 | $0.00 | A | 413,615 | D | |
| Common Stock | Dec 1, 2015 | F | 69,022 | $18.82 | D | 344,593 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F1,F2 | — | Dec 1, 2015 | D | 3,215 | D | — | — | Common Stock | 3,215 | 35,365 | D |
| Restricted Stock UnitF1,F4 | — | Dec 1, 2015 | M | 62,888 | D | — | — | Common Stock | 62,888 | 0 | D |
| Restricted Stock UnitF1,F5 | — | Dec 1, 2015 | M | 40,288 | D | — | — | Common Stock | 40,288 | 0 | D |
| Restricted Stock UnitF1,F6 | — | Dec 1, 2015 | M | 35,365 | D | — | — | Common Stock | 35,365 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- F2Mr. Flaws retired effective December 1, 2015. Restricted Stock Units awarded March 31, 2015 remained restricted until December 1, 2015, when 3,215 units were forfeited and 35,365 units vested and converted into GLW common stock per terms of the March 2015 Agreement approved by Compensation Committee.
- F3Each restricted stock unit represented a contingent right to receive one share of Corning Incorporated Common Stock. The 3,215 units were forfeited per terms of the March 31, 2015 Agreement approved by Compensation Committee.
- F4Earned Restricted Stock Units awarded March 28, 2013 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2013 Agreement approved by Compensation Committee.
- F5Earned Restricted Stock Units awarded March 31, 2014 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2014 Agreement approved by Compensation Committee.
- F6Earned Restricted Stock Units awarded March 31, 2015 remained restricted until December 1, 2015, when they vested and converted into GLW common stock per terms of the March 2015 Agreement approved by Compensation Committee.